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Soybean exports, European wheat give market a lift

Money managers get green light to take risk helping buoy futures. (Audio)

August 8, 2016

1 Min Read

Bullish fundamentals don’t always bring higher prices, especially when money managers refrain buying Ag futures. But investors got a green light to take risk from a strong U.S jobs report Friday that helped send the S&P 500 Index to an all-time high. A series of big soybean export sales have beans leading gains overnight, boosted by a gap higher open in European wheat trade, where concerns about lower production remain in play.

Listen to today's audio commentary with the online player. (just scroll down).

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Senior Editor Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

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